SHANGHAI, Oct. 24 (SMM) – The most active SHFE 1501 copper contract swung by less than RMB 200/mt during Thursday’s night session after starting at RMB 47,230/mt, and closed up RMB 210/mt at RMB 47,260/mt. During the night session, trading volumes for the most active contract fell to some 90,000 lots, but positions gained by 11,868 lots.
On Friday, SHFE copper surged to RMB 47,500/mt during the afternoon trading session, and finished up RMB 340/mt, or 0.72%, at RMB 47,390/mt. Trading volumes for the SHFE 1501 copper contract decreased by 10,408 lots, while positions added by 3,298 lots.
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn